Samsung Shares Drop $12 billion In Lieu of Verdict and Potential Ban

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Samsung Electronics Co.’s market value dropped a whopping $12 billion today in lieu of Friday’s ruling which ordered the Korean electronics company to pay over $1B in damages from patent infringement. Despite Samsung’s wide array of products and services, phones and tablets make up roughly 70% of the company’s earnings.
The ruling isn’t the only factor affecting the plummeted shares as Apple is currently seeking a ban on eight of Samsung’s smartphones, among them the widely popular Galaxy S II. In addition there is growing concern that the verdict may lea
(IT news)

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The verdict is officially in folks— Apple has officially claimed victory over Samsung. Based off extensive review and hours of deliberation, the jury believes Samsung not only violated numerous Apple patents, but also Apple has not infringed on any of Samsung’s patents.